STP mess

Hello. I am the director and sole employee of my business. My pay in transferred weekly but my super is paid quarterly. so I only need to do 4 STP reports a year. However My income statement from ATO does not reflect my true income and tax amounts for 19/20 FY. Partly due to a botched first attempt and I was not able to do payrun reports via the app this year due to being overseas - and not being able to access the app (I could not receive PIN verification). How do I correct Reckon STP app payruns and add in missing payruns for FY 19/20?

Comments

Kris_Williams

STP isn’t just to handle super, I thought it had to be lodged every pay

Bruce

That is my understanding as well (unless there is something special for micro-businesses)

Acctd4

Yes, Kris & Bruce are correct - STP is required to be lodged PER PAY - If your Pay is weekly, your STP lodgements should be being submitted weekly!

Remember, STP updates YTD balances each submission.

With STP reporting, it just includes the Super totals also (unlike previous annual Payment Summaries which only reported Gross Payments, Allowances & PAYG Tax Withheld)

Shaz Hughes Dip(Fin) ACQ NSW, MICB

Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

Accounted 4 Bookkeeping Services

Ballajura, WA

0422 886 003

shazinoz2@bigpond.com

www.accounted4bs.com